Business news

As Florida anticipates an $846 million budget surplus for the 2014-2015 fiscal year, Governor Rick Scott has been traveling the state to drum up support for tax cuts. Scott says his $500 million tax cut package will promote job creation.

Economic analyst Hank Fishkind took a close look at the state budget numbers and Governor Scott’s plan.

He tells WMFE’s Nicole Creston that he agrees some of the tax and fee cuts will be good for job growth, but he thinks some strategic spending would help, too.

St. Augustine businesses are giving mixed reviews following last weekend’s Gentlemen of the Road music festival tour stop in the city.

Consumer prices rose a scant 0.1 percent in August from July and were up a modest 1.5 percent since August 2012, the Bureau of Labor Statistics said Tuesday morning.

Jacksonville Daily Record

Jacksonville Downtown Investment Authority Downtown Investment Authority Vice-Chair Jim Bailey has resigned.   

In a letter sent to City Council President Bill Gulliford, Bailey says he believes he can be more effective serving downtown as a private citizen.

Bailey is publisher of the Jacksonville Daily Record. He was one of four original DIA appointments by then Council President Bill Bishop.

Bailey says he will always strongly support downtown redevelopment.

Two Jacksonville brothers and entrepreneurs recently celebrated their First Coast-based company's tenth year of enormous success and consecutive expansion.

Five years ago this week, Lehman Brothers collapsed, and America's financial crisis began. On Monday morning, President Obama will mark the anniversary with a speech in the White House Rose Garden. The White House released a new report ahead of the address, assessing how the government's efforts to stabilize the economy turned out.

The Office of Governor Rick Scott

Florida Governor Rick Scott stopped in Jacksonville Wednesday as part of his five city “It’s Your Money" tax cut tour. 

Scott is trying to drum up support for his plan to cut taxes next year by $500 million.

As part of his pitch, Scott linked an announcement that Vistakon will invest an additional $218 million dollars and create 100 new jobs in North Florida to tax cuts he instituted.

The Office of Governor Rick Scott

Johnson & Johnson will expand their Jacksonville-based Vistakon contact lens production division with a capital investment of $218 millon and the addition of 100 jobs over three years.

The Office of Governor Rick Scott

Kentucky-based R.J. Corman Railroad Group is locating the regional headquarters of it's newly formed subsidiary, R.J. Corman Signaling, in Clay County.

KYN Jacksonville / Facebook

A new business accelerator and apprenticeship program was announced last week. The KYN program (pronounced "kin") is an offshoot of Jacksonville’s successful One Spark Festival.

Four of the business creators from this year’s festival will be going through the KYN program, which is funded by Jaguars owner Shad Khan’s STACHE Investment Fund.

WJCT’s Michelle Corum spoke last week with Elton Rivas, co-founder of KYN and One Spark.

Florida’s fishing industry is one of the largest in the country and that includes fishing tourism. A new study shows the tourism has an almost $5 billion economic impact in the state.

KYN Jacksonville / Facebook

Jacksonville Jaguars owner Shad Khan’s STACHE Investment Fund is behind a new business accelerator and apprenticeship program announced Wednesday in downtown Jacksonville.

The program, called KYN, is a partnership with the University of North Florida and a spinoff of Jacksonville’s One Spark Festival. The four companies that will go through the program are creators from this year’s festival.

The three buildings known as the Laura Street Trio in downtown Jacksonville will soon undergo a massive redevelopment. The abandoned buildings will be transformed into two upscale restaurants and a boutique hotel.

Laura Street Trio Redevelopment:

Click here for an interactive map of the three downtown buildings known as the Laura Street Trio, now slated for redevelopment.

So what is the Laura Street Trio?

Kevin Meerschaert

Monday was the first day on the job for the Jacksonville Downtown Investment Authority's new CEO Aundra Wallace.

He sat down for nearly an hour with local reporters to discuss his vision for redevelopment.

Wallace says his first priority is to sit down and talk to current stakeholders. He also expects to take about three months to come up with an executive plan for the agency.

After fewer than 21 months on the job, NPR CEO Gary Knell announced at mid-day Monday that he's leaving the organization to become president and CEO at the National Geographic Society.